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Dec 18, 2012
12/12
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ewis yup, beijing. >> henry dixon, fund manager is still with us. henry, china is a story that has disappointed investors for the last essential years. is 2013 going to be data? >> we have been keen to play the mining sector in the uk. i think you combine that with the low price and change of capital, maybe less cap x and a more friendly shareholder approach. that's the way we continue to play it. i think china will continue to play it. i think that would be better, more obvious great stories in the like in the next ten years in china. >> such at? >> the obvious concern, i'm not concerned about the residential property side, but international property, larger entities, that would be a concern that would continue to rear its head, i think. and i look at the stock pickses of chinese industries. just determined the bank roll losses for that industry and that's slightly concerning, as well. i see china more as a trade market rather than a strategic bet. within that, we are keen to extend ourselves to only the mining sector. >> there's plenty of pessimis
ewis yup, beijing. >> henry dixon, fund manager is still with us. henry, china is a story that has disappointed investors for the last essential years. is 2013 going to be data? >> we have been keen to play the mining sector in the uk. i think you combine that with the low price and change of capital, maybe less cap x and a more friendly shareholder approach. that's the way we continue to play it. i think china will continue to play it. i think that would be better, more obvious...
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Dec 5, 2012
12/12
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beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also higher. 46.5 to 45.8 flash as well, the highest since july. so the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better? >> that's what euro trades on, isn't it? pmis are all very interesting for the economist. but they want bigger stories. most of the news flow, i
beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also...
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Dec 26, 2012
12/12
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it runs more than 1,400 miles in beijing in the north to the south. it will run at speeds of 186 miles per hour cutting down travel time between the cities from 20 hours to just eight hou hours. china planning a grid of high-speed railways with four east/west and north dlsh south lines by 2020. >>> and are all netflix users have a merry christmas? the video-streaming service having problems this season. we've got the details coming up. >>> plus, lawmakers have five days to rise above partisanship and avert the fiscal cliff. we've got a panel of washington insiders to explain how businesses could get hit at the end of the year. >>> high name is alan shortall, founder and ceo of unilife corporation. if the fiscal cliff doesn't get resolved, there's no question the u.s. economy is going to go into recession. we closed down our manufacturing in china and relocated to the u.s. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to in
it runs more than 1,400 miles in beijing in the north to the south. it will run at speeds of 186 miles per hour cutting down travel time between the cities from 20 hours to just eight hou hours. china planning a grid of high-speed railways with four east/west and north dlsh south lines by 2020. >>> and are all netflix users have a merry christmas? the video-streaming service having problems this season. we've got the details coming up. >>> plus, lawmakers have five days to...
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Dec 7, 2012
12/12
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after beijing's worst downpour in decades washed out this home, he and his wife had to borrow $3100 in friends and relatives to rebuild, a small fortune on his meager salary. there's no such thing as homeowners insurance, he says. the industry here has been agreeing over the past decade, but still underdeveloped with private policies largely a foreign idea. in countries like the united states, homeowners insurance replaces pretty much whatever somebody owns. about you but here there is no such guarantees, so people are forced to salvage whatever they can on their own. as more chinese get richer, many are looking for ways two o prot their wealth and lives. >> people are some savings, a first car and all that, typically insurance product is actually a very good product for them. >> right now car insurance is popular. china is expected to become the second largest insurance market behind the u.s. by 2020. and the competition is fierce, still dominated by chinese players like picc. international insurers face tough regulations, though many want in. despite its communist ideals, the state o
after beijing's worst downpour in decades washed out this home, he and his wife had to borrow $3100 in friends and relatives to rebuild, a small fortune on his meager salary. there's no such thing as homeowners insurance, he says. the industry here has been agreeing over the past decade, but still underdeveloped with private policies largely a foreign idea. in countries like the united states, homeowners insurance replaces pretty much whatever somebody owns. about you but here there is no such...
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Dec 3, 2012
12/12
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eunice has the details in this report from beijing. >> chinese factories appear to be recovering. the hsbc pmi and the government's official pmi both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, that's the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is though about the unevenness of the recovery. the sub indices for employment as well as for small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment and state owned enterprises. a bigger worry is about the outlook for external demand especially in the united states. people here are worried about the fiscal cliff and the potential impact it could have on american consumers as well as the factories here. euni eunice yoon, cnbc. >>> new export orders did hit their highest levels since march. but the sector pmi still deeply in negative territory. question marks remain about the timing of any recovery. eurozone fi
eunice has the details in this report from beijing. >> chinese factories appear to be recovering. the hsbc pmi and the government's official pmi both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, that's the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is though about the unevenness of the recovery. the sub indices for employment...
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Dec 4, 2012
12/12
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shale gas also rallied after beijing plans to cut annual coal consumption target by 2015. the hang seng finished marginally in the green. tell companies gained momentum, but casino stocks tumbled 5% on profit booking. down beat manufacturing data spurred profit booking on exporters. sharp shares gained on reports of a new investment and also joint deal with qualcomm confirmed after the bell. south korea kospi also lost a quarter of a percent today. costco underperformed as investors fear the possible bid for a canadian mine may hurt will its balance sheet. and australia, yark the investors shrugged off the rate cut largely priced in. the aussie dollar rose on a more hawkish statement than expected. defensive stocks broadly lower. sensex finished higher by 0.2%. back to you. >> thanks for that. have a good evening there in singapore. now here in europe, optimism about greece's plan to buy back bonds has been lifting the euro. officials are confidence the plan will go well following a meeting of finance ministers in brussels last night. the focus today turns to banking union
shale gas also rallied after beijing plans to cut annual coal consumption target by 2015. the hang seng finished marginally in the green. tell companies gained momentum, but casino stocks tumbled 5% on profit booking. down beat manufacturing data spurred profit booking on exporters. sharp shares gained on reports of a new investment and also joint deal with qualcomm confirmed after the bell. south korea kospi also lost a quarter of a percent today. costco underperformed as investors fear the...
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Dec 4, 2012
12/12
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this is beijing. this is washington. all involved in the civil war. the talk of wmd now, it's very late in the game. if we're looking for a reason to go to war that might be the reason why the president and secretary of state are using the term red line. >> is that, in fact, his goal. is that, in fact, his goal. does he now want to -- i don't know whether it's air bombing, john, or drones or troops on the ground but is it time now? is that what he's saying? >> all my information points to that fact, larry, that we're already watching the early stages of the invasion of syria. that's all my information, larry. >> who will be invading? >> turkey. turkey under the agents of nato. it will look a lot like libya in the beginning. the whole region is unstable. the recent conflict between gaza and israel and jordan, larry -- jordan is extremely unstable. the king is extremely fragile. this is not the same as libya which was an isolated state in north africa. the wmd exists. i don't in any way belittle that fact. but this is state to state policy we're witness
this is beijing. this is washington. all involved in the civil war. the talk of wmd now, it's very late in the game. if we're looking for a reason to go to war that might be the reason why the president and secretary of state are using the term red line. >> is that, in fact, his goal. is that, in fact, his goal. does he now want to -- i don't know whether it's air bombing, john, or drones or troops on the ground but is it time now? is that what he's saying? >> all my information...
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Dec 13, 2012
12/12
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his first foreign trip was to beijing to try and mend fences as repeated trips, a true comeback analyst say would be if abe the campaigner were quite different from abe the leader. >>> staying in the region now, nearby, the bank of korea has decided to keep interest rates on hold 2.75%. it was largely expected, but the next move isn't to easy to predict. cherry kang has more for us live from seoul. what are you hearing over there? >> this was the second straight month that the key rate is untouched. the bok tends to shy away from adjusting the key rate ahead of a presidential election which will be held next wednesday here in south korea, as well. now, so much for, say, this is to give room for policy changes from the new president who will take the top office next february. plus, many observers are saying the bok may have wanted to wait it out to see the effects of two previous cuts of this year back in july and october. although domestic demand remains sluggish still capping spending here and companies are holding back on making new facility investment with the political uncertainty.
his first foreign trip was to beijing to try and mend fences as repeated trips, a true comeback analyst say would be if abe the campaigner were quite different from abe the leader. >>> staying in the region now, nearby, the bank of korea has decided to keep interest rates on hold 2.75%. it was largely expected, but the next move isn't to easy to predict. cherry kang has more for us live from seoul. what are you hearing over there? >> this was the second straight month that the...
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Dec 14, 2012
12/12
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hope for beijing's urban growth plan. financials soared on cheap valuations. shares in hong kong got a modest lift, ending higher by .7%. petrochina ended 1.3% higher. in japan's, the tankan pure say might have put more pressure on the boj to raise rates next week. sharp shares gained nearly 8% today and it has chalked up a more than 50% rise on short covering. >> the aussie market ended flat around its 17-month high. the index sensex is higher by .5%. back to you. >> thank you for that. were seeing the dow poised to open higher. similar gains to the nasdaq and s&p 500, which have been rallying this weeks, but not by great leaps and bounds. the cnbc ftse 300 is lower by 0.2%. european bourses are mixed. we are seeing the mib and the ibex in italy gaining on the day. still adding about .1%. the xetra dax is higher by .3%. the ftse is fractionally lower. we can look at some of the top stocks moving today. alcatel lucent in focus. 10% now for alcatel lucent, which has completed a round of fund-raising. akzonobel is looking to increase its pain division. shares in
hope for beijing's urban growth plan. financials soared on cheap valuations. shares in hong kong got a modest lift, ending higher by .7%. petrochina ended 1.3% higher. in japan's, the tankan pure say might have put more pressure on the boj to raise rates next week. sharp shares gained nearly 8% today and it has chalked up a more than 50% rise on short covering. >> the aussie market ended flat around its 17-month high. the index sensex is higher by .5%. back to you. >> thank you for...
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Dec 19, 2012
12/12
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and this is after beijing said that it would -- it was going to let market forces play more of a role in determining energy prices. the s&p asx 200 in australia. we saw nice gains to the tune of half a percent on fiscal cliff optimism. that was really a theme across all of these markets today. so the s&p asx gaining half a percent. it was miners and bankers that led the rally. no thanks to billabong, another retailer on the decline. getting a bid, a takeover bid for more than half a billion u.s. dollars. however, lowering its earnings guidance. and we have the sensex in india still trading for another half-hour. currently seeing gains of about half a percent. this after their policy decision yesterday. kelly, back to you. >> deirdre, thank you very much for that. >>> business sentiment in germany has climbed for the second straight month in december. coming in just ahead of a reuter poll, and patricia sarvis now with details on the survey. hi, and how is this being taken over there? >>> hi there, very positively indeed. i think at the moment we are trading at session highs again after
and this is after beijing said that it would -- it was going to let market forces play more of a role in determining energy prices. the s&p asx 200 in australia. we saw nice gains to the tune of half a percent on fiscal cliff optimism. that was really a theme across all of these markets today. so the s&p asx gaining half a percent. it was miners and bankers that led the rally. no thanks to billabong, another retailer on the decline. getting a bid, a takeover bid for more than half a...